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Microcap & Penny Stocks : ABTX - Agribiotech -- Ignore unavailable to you. Want to Upgrade?

To: InvestorLady who wrote (882)	10/27/1997 9:50:00 PM
From: Bret Masterson	Read Replies (1) \| Respond to of 8359

Anette, Is the earnings release before or after market close tomorrow? I haven't been following ABTX too closely lately, but have definitely been happy with its steady appreciation over the past few months. Thanks, Bret

To: InvestorLady who wrote (882)	10/28/1997 11:57:00 AM
From: Jim Lang	Respond to of 8359

Anette, No problem here, I have not unloaded a single share. In terms of portfolio composition, I have a full load of ABTX and do not feel that it is prudent for me to pick up any additional shares, although for trading purposes I have toyed with the idea last two days. As far as overvaluation goes, you may misunderstand me. I personally do not feel ABTX is overvalued according to its prospects. However, I have followed markets for some time, and many times a stock can be over-valued SHORT TERM in the sense of market sentiment, independent of the fundamentals. I think that this is what Lucretius is usually talking about, and that is what I mean by over-valuation. He moves in and out according to his perception of what the Street might feel about ABTX short term. He obviously is sufficiently savvy to recognize the LONG TERM merits of ABTX, as are most of us; that's why we have been holding on without complaint. In fact, I would not be surprised to find LT going long again after the action this a.m., if he had limit orders in (response?). If so, he did extremely well with his trades. As for me, I do not have sufficient confidence to call the ups and downs of a rapidly growing concern like ABTX, and that is why I have not tinkered with my position, although I was certainly tempted to move some off the table at $11 (wish I had). This should clarify my meaning for you. For anyone that missed out on the run up this year, today was an early XMAS gift, and I hope that many of you picked up some additional shares. At $7 I think that there is a strong possibility of 200% appreciation over the coming 12 months. Can't beat that very easily. Good Trading, Jim L.